Sei is one of the best-positioned altcoins ahead of the next bull run. It’s a fast-growing EVM-compatible chain gaining traction in gaming, DeFi, and stablecoins. It’s also under consideration to run Wyoming’s stablecoin initiative.
The Sei price has risen from a year-to-date low of $0.1315 to a high of $0.3337 on June 25. It recently broke through resistance at $0.2767, invalidating the previous double-top formation.
With the price now above both the 50-day and 100-day moving averages and the 23.6% Fibonacci retracement, further gains are likely. Bulls may target the 50% retracement level at $0.4340.
